Take-home Pay Calculator
Work out what actually lands in your account each month after Korean payroll deductions.
About this tool
The figure on a Korean employment contract and the amount that actually lands in your account are different, because social insurance contributions and taxes come out first. This tool subtracts those from a gross annual salary to show what you take home each month, itemised so you can see where each deduction goes.
The deductions are the four national insurances — national pension, health insurance, long-term care insurance and employment insurance — plus income tax and local income tax. Long-term care insurance is charged as a further percentage of the health insurance premium, which is why it appears as its own line rather than being folded into health insurance. Local income tax is 10% of income tax.
The monthly non-taxable amount covers things like a meal allowance that are excluded from both tax and insurance calculations; 200,000 won is the usual figure. The number of dependants means those eligible for the basic deduction including yourself, and the number of children means those aged 8 to 20; both reduce income tax. This is a simplified calculation at the year’s published rates — what your employer actually withholds follows the simplified withholding tax table, and the final figure is settled at year-end tax adjustment.